Executive Underwriter, Financial Institutions, Financial Lines at AIG

New York, New York, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Minimum 4+ years of Financial Lines, Agency or Brokerage experience
Bachelor’s degree from a four-year college or university
Proven underwriting experience in US Financial Lines business (D&O, EPL, PTL, Cyber, Fidelity) including product features, forms, regulatory environment, and risks
Successful record of selling products to clients
Deep technical expertise
Proven people management skills and a record of developing more junior colleagues
The ability to analyze financial statements
Strong communication, networking, and relationship-building skills
Good organizational and time management skills
Customer and sales-orientated behaviors: motivated, tenacious, focused, technically skilled, proactive, and accountable

Responsibilities

Overseeing a range of programs and processes
Handling complex underwriting
Balancing the needs of multiple stakeholders and making sound decisions using data, analysis, experience, judgment, and a risk mindset
Building effective relationships with brokers and delivering a high standard of customer service
Promoting a culture of collaboration, inclusivity, and learning
Mentoring and developing colleagues through effective leadership, role modeling, and training programs
Facilitating personal growth and career development, supporting succession planning
Playing a key role in new business development, including attending broker events and building new relationships across the market

Skills

Underwriting

Financial Lines

Financial Institutions

Risk Management

Broker Relationships

Stakeholder Management

Data Analysis

Leadership

Mentoring

New Business Development

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

New York City, New YorkHeadquarters

1919Year Founded

IPOCompany Stage

Cybersecurity, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

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